General Secretary of the Communist Party of Vietnam To Lam received Mr. Gautam Adani, Chairman of India's Adani Group, in Hanoi on July 30.

General Secretary To Lam welcomed Adani Group’s interest and long-term investment strategy in Vietnam, describing it as a valuable contribution to strengthening ties between the two economies. He acknowledged the group’s proposals and encouraged them to engage directly with relevant ministries, sectors, and local authorities to clarify their plans and cooperation directions, thereby accelerating the progress of potential projects.

The General Secretary noted that, as comprehensive strategic partners, Vietnam and India share similar national development goals, aiming to become modern, developed nations by the centenary of their independence. He emphasized the need to enhance cooperation across various sectors, particularly in economic, trade, and investment relations, to match the two countries’ potential.

General Secretary To Lam also shared that Vietnam is currently undertaking major strategic breakthroughs, with a strong focus on science and technology, innovation, digital transformation, and the development of the private sector. These efforts are underpinned by a commitment to creating favorable conditions for both domestic and foreign businesses to grow and contribute to national development.

“In that spirit, Vietnam always welcomes foreign enterprises, including Indian firms, to expand their investments in the country,” the Party leader affirmed.

Mr. Adani, for his part, expressed his admiration for Vietnam’s development vision and strategy. He congratulated the country on its remarkable socio-economic achievements under the leadership of the Communist Party headed by General Secretary To Lam, noting that Vietnam has emerged as one of the region’s most dynamic economies and a leading investment destination.

The head of Adani Group highlighted its extensive experience in investing in and operating major projects in key sectors such as ports, airports, transport, logistics, energy, and digital technology, both in India and internationally. Among its flagship projects is the Mundra Port—the largest port in India. Adani is also India’s largest energy provider.

According to Mr. Adani, the group is seeking to make a long-term strategic investment in Vietnam, with a proposed capital commitment of up to $10 billion. As the second-richest man in India, Mr. Adani affirmed the group’s readiness to contribute to Vietnam’s development, particularly in areas of shared interest such as strategic infrastructure, energy, renewable energy, and emerging technologies like AI. He also called on the Vietnamese government to support and facilitate the group’s operations in the country.